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If you want to get rid of Sallie Mae loans, you can do so. Just make sure its for the right reasons.Temporarily defer payments Returning to college. Attending graduate school. Starting an internship, clerkship, fellowship, or residency.
Private student loans are not eligible for federal deferment or forbearance programs. But some private lenders will let you postpone student loan payments temporarily if you run into financial hardship. This process is typically not automatic; youll need to apply online or by calling your student loan servicer.
Is Sallie Mae forgiving its private student loans? No, the forgiveness program is for federal loans only. Private student loans like Sallie Mae loans, will not be forgiven through the program. 3.
After your grace period, you can generally request a plan (standard, extended, or graduated) to help you adjust the amount of time you have to pay or an income-based repayment plan that bases your payments on your income.
But federal student loan forgiveness can be hard to get and if you have a private student loan through Sallie Mae, forgiveness is not available. There are, however, repayment options, including refinancing. SoFi offers flexible terms and competitive rates for student loan refinancing, with no origination fee.
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You can request a deferment of up to 48 months for a Smart Option Student Loan or a Sallie Mae graduate student loan so long as youre enrolled full-time or half-time.
After at least 20 years of student loan payments under an income-driven repayment plan IDR forgiveness and 20-year student loan forgiveness.
Private student loans are not eligible for federal deferment or forbearance programs. But some private lenders will let you postpone student loan payments temporarily if you run into financial hardship. This process is typically not automatic; youll need to apply online or by calling your student loan servicer.
If youre experiencing financial difficulty, please chat with us or call 800-472-5543 so we can discuss any options that may be available for your loan.
You can request a deferment of up to 48 months for a Smart Option Student Loan or a Sallie Mae graduate student loan so long as youre enrolled full-time or half-time.

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